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The Sconi resource estimate has 54,500 tonnes of contained cobalt with exploration upside. The Sconi project has recently secured 100% cobalt and nickel off-take. (5-0)
The nickel miner fundamentals are steadily improving, with demand likely to strengthen post 2020 due to the EV boom. (4-1)
The cobalt miners strangely fell in January following the lithium miners despite very strong cobalt price gains. (6-1)
Cobalt market news - the DRC to hike taxes on Congo cobalt miners. ERG says "cobalt boom ‘guaranteed’ for 7-10 years." (208-4)
Cobalt spot price news - Cobalt prices up again in January. "BMO Capital Markets expects current cobalt prices to double in the next two years." (54-6)
Lithium and cobalt boom II has already arrived, resulting in many EV metal miners stock prices surging, some over 100% in under 3 months. (26-2)
Cobalt market news - "Electric vehicle revolution a rare investment opportunity as metals demand spikes." "BMW sees 10-fold jump in its need for battery materials by 2025." (63-1)
Cobalt miner news - Not a good month for Glencore/Katanga. eCobalt announced their FS results, and Clean TeQ changes their project name from Syerston to Clean TeQ Sunrise project. (42-0)
Lithium Australia NL (ASX:LIT) and Poseidon Nickel (ASX:POS) have signed a memorandum of understanding to jointly evaluate the lithium potential of the Lake Johnston region in Western Australia.
Poseidon Nickel has secured its fourth memorandum of understanding to develop the Lake Johnston nickel project, with today’s move to explore for lithium with Lithium Australia.
Lithium Australia NL (ASX:LIT) and Poseidon Nickel (ASX:POS) has signed a memorandum of understanding to jointly evaluate the lithium potential of the Lake Johnston region in Western Australia.
Poseidon Nickel has entered into an agreement for the formation of a jointly-owned company with Aphrodite Gold, which would own Poseidon’s processing facilities at its Black Swan nickel operation and Aphrodite’s nearby gold tenements.
Aphrodite Gold Ltd (ASX:AQQ) and Poseidon Nickel Ltd (ASX:POS) have entered into an agreement to evaluate the processing of Aphrodite’s gold resource at the Poseidon Black Swan Processing Facility.
TORONTO, ONTARIO--(Marketwired - July 6, 2017) - Crystal Peak Minerals Inc. ("Crystal Peak" or the "Company") (TSX VENTURE:CPM)(OTCQX:CPMMF) is pleased to announce that Herbert E. "Bud" Scruggs, who was elected to the Board of Directors of the Company ("Board") at the last Annual and General Meeting of Shareholders, has been appointed as the non-executive chairman of the Board. In this role, he will help oversee the Company's Sevier Playa Sulphate of Potash Project in southwestern Utah.
Local explorer GTI Resources has terminated plans to acquire Poseidon Nickel’s Windarra gold assets near Laverton, after missing a near-$1 million payment deadline.